70 lawyers reviewed the case, everyone else relied on them.
That was something neither you, I @DrWho or anyone else could independently verify so it is meaningless.
Who knows what they thought? Was their internal pressure to sign off and internal whistleblowers suppressed?
Who knows.
Secondly explosive growth in any mature industry can only be explained by alleged fraud.
Refer GFC, liar loans to CDO's to bank collapses.
The only way mortgage lending could increase by so much so quickly was through fraud.
With the advent of hearing protection there's much less industrial deafness.
This is commonsense, NIHL was tailing off then Quindell created a huge spike in claims and insurance companies pushed back.
Whether the cases had merit is a difference to the economics of pursuing them, lawyers love distinctions like this.
Finally whatever the real story was the legal defence is that SGH cocked it up, seems like a great thing for lawyers to continue to argue about forever and a day but there's no blood to be got from a stone.
Anchorage has already drunk shareholder's milkshake.
SGH Price at posting:
9.2¢ Sentiment: Sell Disclosure: Not Held
